Deka Deutsche Boerse EUROGOV Germany Money Market UCITS ETF EL4W.DE
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EL4W.DE Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Deka Deutsche Boerse EUROGOV Germany Money Market UCITS ETF is classified as not halal.
NOT HALAL
Is Deka Deutsche Boerse EUROGOV Germany Money Market UCITS ETF Halal?
Shariah Compliance Analysis of EL4W.DE ETF
DE Fixed Income Investment Grade No. As of September 2026, Deka Deutsche Boerse EUROGOV Germany Money Market UCITS ETF (EL4W.DE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Deka Deutsche Boerse EUROGOV Germany Money Market UCITS ETF does not pass Musaffa's business and financial screening criteria.
EL4W.DE was created on 2009-03-16 by Deka. The fund's investment portfolio concentrates primarily on investment grade fixed income. The fund is a UCITS IV-compliant retail fund that tracks the performance of the Deutsche Brse EUROGOV Germany Money Market Index for German government bonds
Deka Deutsche Boerse EUROGOV Germany Money Market UCITS ETF (EL4W.DE) Chart
Key Statistics of Deka Deutsche Boerse EUROGOV Germany Money Market UCITS ETF (EL4W.DE)
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-FAQ's for Deka Deutsche Boerse EUROGOV Germany Money Market UCITS ETF (EL4W.DE)
- As of September 2026, Deka Deutsche Boerse EUROGOV Germany Money Market UCITS ETF EL4W.DE is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Deka Deutsche Boerse EUROGOV Germany Money Market UCITS ETF using these criteria to determine its compliance status.
- The Shariah compliance status of Deka Deutsche Boerse EUROGOV Germany Money Market UCITS ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
- Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
- You can check the latest Shariah compliance status of Deka Deutsche Boerse EUROGOV Germany Money Market UCITS ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.